KARACHI — The State Bank of Pakistan (SBP) injected a total of Rs 1,800 billion into the financial system on Friday through Reverse Repo Purchases and Shariah Compliant Mudarabah-based Open Market Operations (OMO) to ensure liquidity in the market.
The SBP conducted Reverse Repo Purchases for 7-day and 14-day tenors, injecting Rs 1,590.2 billion against 18 bids. For the 7-day tenor, five bids totaling Rs 90 billion were received, and the central bank accepted the full amount at a return rate of 11.03 percent. For the 14-day tenor, 13 bids totaling Rs 1,601.2 billion were submitted, with Rs 1,500.2 billion accepted at a rate of 11.01 percent, partly on a pro-rata basis.
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In addition, the SBP carried out Shariah Compliant Mudarabah-based OMOs for 7-day and 14-day tenors. No bids were received for the 14-day tenor, while three bids for the 7-day tenor totaling Rs 209.9 billion were fully accepted at a return rate of 11.05 percent.
These measures are part of the central bank’s efforts to stabilize liquidity and ensure smooth functioning of the money market amid ongoing economic fluctuations. By managing short-term liquidity effectively, the SBP aims to maintain monetary stability and support financial institutions in meeting their operational requirements.
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